Centralized
By CoinGecko | Updated on Mar 03, 2020
An organization structure wherein a small handful of actors have control over the entire network. In the context of Bitcoin, it is usually used to describe the centralization of mining power that has been concentrated in the hands of major mining equipment producers.
Related Terms
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
Fiat-Pegged Cryptocurrency
Cryptocurrencies are pegged to an underlying asset.
Bull Market
A bull market indicates the direction of the market going in an upward trend.
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